Is stoploss worth it ?

[mornabo]

it looks like you are stuck in the bear market , I also often experience such things, You have to dare to lose a few% of your balance before impacting greater losses.. Next time use the stop loss earlier.. 

With a note that the coin you bought will experience a bad conditions again? but if the coin you buy gives a signal that the price will improve and go up then don't do it, if you want to do a cut-lose then make sure you see and research the market conditions first

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[askimilaku]

if you often trade I think stop loss is important because to reduce the risk of large losses. for the current situation I usually make a stop loss of -5% - 10%

[Ewinsane]

Depends on how well you use it I suppose. If you use stop loss not correctly it could be your worse enemy and if you use it correctly then it could be your best friend. Hence if you learn how to use it you can turn it into your advantage while trading and could help you not get too many losses while trading. However if you use it without knowing how to use it properly then it could result with many not needed losses for you.

My suggestion would be to test it on some testnet type of platforms and see how you fare with it, if you seem to be good with it then continue using it on real trades but if you are losing money because of it I would say go learn it from some people who have used it for years and know how it works. That way you can definitely make sure you are fine without putting your money in danger.

[Timmzzy]

I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.

I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?

A stop-loss order is essentially an automatic trade order given by an investor to his or her brokerage – only be executed once the price of the stock in question falls to the specified stop price stated in the investor's stop-loss order. Now you don't use a stop loss for a long term investment just like the mistake you did buying and keeping with a stop loss I believe stop loss should be for a short term trader.

[Dart18]

Thanks for the tip.
I didnt realize that until lately about the 2 percent daily changes. Yes this could be profitable with a good settings.
recently it went to 8 percent gain. So the stop loss could work but I guess I will still be monitoring it for this big changes that is happening.
But 2 percent is safe enough for me. 

[FUD Expert]

Yes, just like what my mentor said to me. Losing is part of trading and veteran traders does that and they already practiced accepting losing in the process. But you got to have a lot of time or perhaps full time to make it worth it.

[michellee]

Thanks for the tip.
I didnt realize that until lately about the 2 percent daily changes. Yes this could be profitable with a good settings.
recently it went to 8 percent gain. So the stop loss could work but I guess I will still be monitoring it for this big changes that is happening.
But 2 percent is safe enough for me. 

Yes, indeed. Stop loss can work if the price still going down and with we monitoring the chart, we can know where the trend will go so we can decide. But sometimes stop loss is not working especially if the bull market happens because the price will bounce after it's down, so our target buy can miss the good price to buy. But stop-loss helps us to prevent a big loss.

[manggis97]

Stop loss is should be to use for every trade because we can not guarantee each our analysis will be right,  stop loss will be give advantages to cut the loss immediately from wrong trade so we can minimize the risk of trading.  Trading without use stop loss is the same like gambling because the risk will be very high.

[letecia012]

I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.

I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?

Its fine to put a stoploss but not so close to the current price maybe -10-15% to avoid FOMO. once quick rebound happen there are some instances where market suddenly goes -5% and would quickly recover. -10% is much safer cutloss for me.

[Kevin77]

Its fine to put a stoploss but not so close to the current price maybe -10-15% to avoid FOMO. once quick rebound happen there are some instances where market suddenly goes -5% and would quickly recover. -10% is much safer cutloss for me.

Yes, in a sideways markets, stoploss might lead to unnecessary losses whereas I always strongly suggest stoploss for safer trading in a leveraged trading. Moreover, for crypto trading, when you are able to hold your assets infinitely, I believe there will be no need to go for stoploss given that you are trading only highly potential coins which are having assured future like bitcoins and ethereum.

Stoploss is necessary where you are unable to continue trading like leveraged environments. Trading safer is good always, for that stoploss is helping us to prevent big losses whereas for a long term based markets, it seems unnecessary with some conditions. In short, if you are shorting cryptos then you must use stoploss without any secondary thoughts.

[Daboy_Lyle]

On trading you should know Stop-loss because it lessen our losses. If we are not comfortable qith price on the market it's better put an stop-loss order that will help us to stop loss funding. We can't avoid lossing because it's part of the trading world even professional traders feels that.

[emberbekas]

Stop Loss can help us financially and psychologically and yes it is feasible to apply especially for those who do short-term trading. Panic will occur when the value of our investment falls dramatically which is beyond our expectations. With a stop loss we can at least avoid a long headache when the bear lasts for a relatively long period of time. Stop loss can reduce the pressure so that for the next trading we can do it more carefully.

[Question123]

Stopping loss is depends to the situation if they are going to be worth it or not. Because mostly stopping loss for me is not good because you will not make more profit and you lose some of your money. But if you still to do what you are doing like holding and buying you can have chance to get more profit but you can still invest or keep a coin that you think is potential to avoid losing more money.

[pundit]

If you are a day trader then SL is an important thing to consider. Trading w/o SL can take you to deep loss in one go. Even if someone has set a long term target on any coin still he/she requires to put SL, it reduces the risk of deep dd. If we talk about money management then your risk should not be more than reward, it should be either 1:1 or more and winning percentage should be more than 50%, if your winning percentage is less than 50% then risk to reward ration should be accordingly.

[beerlover]

On trading you should know Stop-loss because it lessen our losses. If we are not comfortable qith price on the market it's better put an stop-loss order that will help us to stop loss funding. We can't avoid lossing because it's part of the trading world even professional traders feels that.

Yes, stop-loss is good to cut losses earlier but for crypto markets it is causing early exit with losses whereas we can be sure about market reversal also. I am in favor of not using stop-loss when you buy bitcoins but if you go for shorting then it is recommended to use it.

[tbossmitche]

One would actually never know the true importance of stoploss until you almost loose all your funds. I believe the feature which allows one to take profit is equally as important as the stop loss feature as it can definitely help us to avoid severe losses especially during crash dumps. That is not to say the stoploss feature doesn't have it's negative aspect just like all other trading features as it can prevent one from earning some profit in case of a subsequent rise in price. My true advise is for all traders to remain true to their instinct and avoid greed.

[Coyster]

I always trade with stop loss,and it helps me in more ways than one really,losing is one thing no trader loves,but ironically it is one which is inevitable for any trader,so stop loss helps traders to at least make losses minimal and keeping it at a reasonable level.
Stop loss isn't always advantageous,but it offers more advantages than disads

[sedahan13]

Alot of trader has been FOMO in the end of 2018 and they did not use stop loss so they been loss much money. No body know how high the price will going in bull market and when the price will reversal so use stop loss is must be in trading.

[gabmen]

On trading you should know Stop-loss because it lessen our losses. If we are not comfortable qith price on the market it's better put an stop-loss order that will help us to stop loss funding. We can't avoid lossing because it's part of the trading world even professional traders feels that.

Yes, stop-loss is good to cut losses earlier but for crypto markets it is causing early exit with losses whereas we can be sure about market reversal also. I am in favor of not using stop-loss when you buy bitcoins but if you go for shorting then it is recommended to use it.

Well stop-loss isn't really for investors and long term holders but daytraders know that it is essential to utilize this feature especially in a market like this. Hodlers wouldn't have to worry about short term crashes since they can afford to wait longer than other people and this feature may disrupt their plans by exiting early.

[richcorner100]

Stop loss and trailling stop is should be to use for every trading activity. We have to use it in spot and leverage trading because in trading all our prediction sometimes will be wrong, and to cut the loss from wrong trade we should be cut it by use stop loss feature. Trading without stop loss is dangerous and will be more possibility our balance going to zero.